Verizon Comms Stock Price, News & Analysis

Verizon Public Sector has been awarded a contract by the Department of Defense to provide next-generation, secure networking services for its High Performance Computing Modernization Program (HPCMP) and Defense Research and Engineering Network (DREN). This setup aims to enhance supercomputing capabilities and facilitate collaboration among researchers across 200 RDT&E laboratories. The network will support high speeds of up to 400Gbps, promoting advancements in AI, climate change research, and autonomous defense systems.

Verizon Communications Inc. (NYSE: VZ) will announce its second quarter 2021 earnings on July 21, 2021, via a webcast at 8:30 a.m. Eastern Time. The earnings news release and financial tables will be accessible from Verizon's Investor Relations website starting at 7:30 a.m. on the same day. In 2020, Verizon generated revenues of $128.3 billion and is recognized as a leading provider of technology, communications, and entertainment services worldwide.

Verizon Family Money is a new app and prepaid debit card designed to help parents teach their kids about money management. Available for a 30-day free trial, it empowers children aged 8-17 to save, spend, and earn money while parents maintain control. Key features include a spending account, a savings Vault, and tools for parents to monitor activities and set limits. The service auto-renews at $5.99/month after the trial. Verizon aims to enhance financial literacy for families while expanding its suite of customer services.

Verizon Frontline's Response Team (VRT) supported PATRIOT 21, a National Guard-sponsored training exercise in Wisconsin, aimed at enhancing disaster response coordination. Utilizing over 100 advanced technologies, the VRT established essential communication capabilities for emergency responders during simulated crises, including earthquakes and mass casualty events. In 2020, the VRT responded to over 2,000 incidents, showcasing its expertise in disaster response. This initiative reflects Verizon Public Sector's ongoing commitment to partnership in public safety and defense.

Matt Ellis, CFO of Verizon (NYSE: VZ), will speak at the virtual Credit Suisse Communications Conference on June 15, 2021, at 3:40 p.m. ET. His remarks will be webcast, accessible via Verizon’s Investor Relations website. Verizon, founded on June 30, 2000, is a leading global provider of technology, communications, and entertainment services. In 2020, the company reported revenues of $128.3 billion, offering data, video, and voice solutions across robust networks.

Verizon showcased its 5G technology during the E3 gaming expo, highlighting advancements in mobile edge computing and partnerships with Electronic Arts, Dignitas, Riot Games, and Team Liquid.

They announced a $1 million scholarship aimed at increasing female representation in gaming and STEM, benefiting students at Historically Black Colleges and Universities.

This initiative includes creating tech centers and internship guarantees, further emphasizing Verizon's commitment to diversity and community engagement in advancing the gaming ecosystem.

Verizon is launching a promotion for customers who have received at least one COVID-19 vaccination, offering a 10% discount on accessories. This offer, effective from June 15, 2021, is also available for teachers, nurses, first responders, and military personnel. To redeem, customers must complete a questionnaire and will receive a promo code via SMS within 24 hours. The discount can be combined with other existing accessory promotions for increased savings on popular tech products. The offer is valid until August 15, 2021.

Verizon Business has launched On Site 5G, its first commercially available private 5G network solution in the U.S. This innovation allows large enterprises and public sector clients to establish custom, secure 5G networks at various facilities, enhancing connectivity even in areas lacking public 5G coverage. The solution supports data-intensive applications like IoT and real-time edge compute. Existing On Site LTE customers can seamlessly transition to the 5G network, which combines 5G Ultra Wideband and LTE capabilities for optimal performance.

Verizon Business launched its new Advanced Secure Access Service Edge (SASE) solution, combining SD WAN capabilities with network security services. This unified, cloud-delivered model aims to meet the complex needs of modern enterprises, especially in light of increased online threats and the challenges posed by the COVID-19 pandemic. The solution provides adaptive, end-to-end managed services, allowing businesses to focus on growth while Verizon handles their network security.